Cryptocurrency

cryp·to·cur·ren·cy

ˈkriptōˌkərənsē/

noun

noun: cryptocurrency;
plural noun: cryptocurrencies;
noun: crypto-currency;
plural noun: crypto-currencies

a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. "decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation"